Precision Tsugami (China)'s Attributable Profit Soars 54% in Fiscal H1

MT Newswires Live11-13 14:06

Precision Tsugami (China) (HKG:1651) recorded a profit attributable to the parent's owners of 340.0 million yuan for the fiscal first half ended Sept. 30, 54% higher than the 221.3 million yuan logged for the corresponding period last year, according to a Wednesday filing with the Hong Kong Exchange.

Earnings per share attributable to ordinary equity holders of the parent stood at 0.90 yuan for the reporting period, compared with 0.58 yuan recorded for the year-ago period.

The precision machines manufacturer's revenue for the six months was 1.98 billion yuan, 32.4% higher than 1.49 billion yuan booked a year ago.

The company attributed the increase in revenue to the gradual recovery of the economy, implementation of cost reduction and efficiency improvement measures, and increase in orders from and deliveries to customers during the reviewing period.

The board recommended an interim dividend of HK$0.45 per share for the reporting period. The dividend will be paid on Jan. 13, 2025, to the shareholders on record as of Dec. 12, 2024.

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